The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Missing link
https://www.oilnewskenya.com/namibia-shell-rumored-to-have-discovered-light-oil-at-graff-1-well/
By my reckoning it’s now 36 days since spud on 9th December. Estimated drill period of 45 days. Not sure if we have to account for Xmas/New Year ?
Anyway, this is getting very close now and, given the light oil discovery on the way down, very exciting too !!!!
RICHOB… this video helped me understand things a bit better. My amateur eye tells me that you couldn’t run this through the production line unless all of the components, antibody etc were in place and loaded up on the assembly plant.
https://youtu.be/AERyetmR7FY
More ‘reading between the lines’ than pure assumption Strangy. AS knew for sure about the weakness in Affidx by 15th December at the very latest. That was when the RNS was issued making reference to HIGHER VIRAL LOADS…. we know what that means now. He would have wanted TT completion with Abingdon & the Medusa CE mark before pausing the product. However, that wouldn’t have stopped him from working on the antibody fix. My guess is that this work is about 5-6 weeks down the line now.
Come on guys……given AS meticulous tendencies don’t you think that he knew about the Affidx weakness long before the FDA article (28th Dec) ? He would have held back until TT had been completed by Abingdon before going public with this. AVCT & Abingdon have probably been working on a fix for a lot longer than we think. Hence, the timeline may be very short before the fix is announced. Just my personal thoughts
SleepyDave….. it certainly shows that, with Chinese manufacturing, there is always a risk of a counterfeit market springing up alongside it. We’ve seen it so many times before in the past. From the batch dates in the article it looks like the dodgy tests were in circulation for about 8 months before being detected. So pretty much from the start of when LFTs first came to market. How many more are out there ?
The missing link !
https://www.aconlabs.com/acon-laboratories-issues-a-nationwide-recall-of-non-eua-authorized-flowflex-sars-cov-2-antigen-rapid-test-self-testing-tests/
SleepyDave…. see link, is this what you are referring to ? The Acon Flowflex I received today is indeed the “Rapid Test” version. This seems to be the version causing concern in the US. See link for details of those concerns. Worrying !
TallPaul….. I’ve just received a box of Flowflex today. The “Version” dates to 8/10/2021, the manufacture date of my particular box is 25/11/2021. Both of these dates are prior to Omicron first being reported in South Africa on 24/11/2021. So, an alarm bell ringing there.
After developing symptoms, my wife and 2 of the kids have finally tested positive on the 6th day of testing. I continue to test Negative despite having exactly the same symptoms.
Of course, it could be the case that Flowflex have retrospectively shown that their tests can trace Omnicron…. but at what levels ? Alternatively, the UK Gov has already bought hundreds of millions of ‘duff’ tests using tax payers money and is keeping shtum!
Thanks Rockland. I think the opportunity becomes greater when these issues with the current LFTs DO become public knowledge. I feel that the press are onto this and that it’s only a matter of time before a major story breaks. It will be portrayed as a scandal of course. It’s at that time when public confidence in the named & shamed manufacturers and brands will plummet and other brands can steal market share. Hopefully, Avacta will be one of the beneficiaries.
There is no doubt that Omicron is a highly contagious variant. But I wonder how much LFT failures have contributed to its rapid spread ? How many people around the world have had false negative LFT results and have continued mingling when they should have been protecting others by isolating ? Millions of people probably.
If Avacta can crack this nut by replacing the antibody urgently then it’s GAME ON. Abingdon certainly seem very keen to fast track this through…. of course, they too can see the ENORMOUS commercial opportunity which has opened up. Good luck all.
https://www.oilnewskenya.com/namibia-shell-rumored-to-have-discovered-light-oil-at-graff-1-well/
Thought this was quite informative. GLA
Not sure IamRich but the article was only published yesterday. I’m sure the buyers would have had their own leak sometime before Upstream got theirs. Of course, it may just be coincidental that they are buying in just south of Shell & Total at the same time that rumours are flying about an oil strike. One hell of a coincidence though !!